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July 9, 2013
NBA announces salary cap for 2013-14 season

LAS VEGAS - The NBA announced the salary cap for the 2013-14 season will be $58.679 million. The luxury tax level will be $71.748 million.

The salary cap and tax level take effect at 12:01 a.m. ET on Wednesday, July 10, when the NBA moratorium period ends and teams can begin signing free agents and making trades.

Instead of paying $1 for every dollar over the tax, the penalties are harsher under the new collective bargaining agreement:

• Portion of team salary $0-$4.99 million over tax level: $1.50 for $1
• Portion of team salary $5-$9.99 million over tax level: $1.75 for $1
• Portion of team salary $10-$14.99 million over tax level: $2.50 for $1
• Portion of team salary $15-$19.99 million over tax level: $3.25 for $1
• Rates increase by $0.50 for each additional $5 million of team salary above the tax level.

The minimum team salary for teams is 90 percent of the cap, $52.811 million for the 2013-14 season.



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